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Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $45,000. If the balance of the Allowance for Doubtful Accounts is a $6,000 credit before adjustment, what is the amount of bad debt expense for that period

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Ritmeks

Answer:

$39,000

Explanation:

Estimated uncollectible account is $45,000

The balance of allowance for doubtful account is $6,000 credit before the adjustment

Therefore the amount of bad debt expense for that period can be calculated as follows

= $45,000-$6,000

= $39,000

Hence the amount of bad debt expense for that period is $39,000

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